Plus a great dd post~Nice job bud keep them coming~
odoylemark Member Profile odoylemark
Friday, September 14, 2012 5:02:52 PM Re: MyHands post# 9772 Post # of 9919 MyHands the big difference here is owner profits... Sites like apple and many others set the prices per song! They also receive a take in each sale of each song... Profits to Artist ratio is very slim... LDSI aka backstage vibe will not operate on those fundamental's. It is membership based and profits are set by the artist... What this means for buyers and sellers is it's in their control...
It also allows upcoming artist to have there music published for free really... Think about the app on myspace back in the day- It will have the combined features of all those sites in one... It also allows ticket sales to occur on site... In terms of users the front will be very similar to iTunes and any other site... The advantage here is for the Artist- the site is Artist driven allowing them to improve their profits without a middle man stealing them.
Here are examples of Artist profits based on methods- Prices are from November 2011 when analyst was done...
Who Really Profits from Your iTunes Downloads?
Pete Townshend, The Who's legendary guitarist, made headlines recently when he called iTunes a "digital vampire" that profits from artists without providing them much support.
Townsend wants Apple to do more to support musicians, who are the backbone of their music sales.
It could be easy to brush off Townshend as a cranky old timer, but does he have a point?
Truth is, not every artist spends their free time lounging next to a pool and ordering drinks from girls in bikinis.
If you look past the musician stereotypes you’ll see that most musicians receive only a fraction of a song’s purchase price.
There’s no doubt that making music can still pay off big-time, but you might be surprised to see whose really making the most money out of each track.
Online CD Sales -- Who Wins?
Thanks to the Internet, anyone can have an audience for their music. Justin Bieber was first discovered by a talent manager that happened to look at the young artist's YouTube videos – Bieber has since blown up to super stardom.
In the music industry's basic form, an artist simply records his/her own music, reproduces it and sells it to others.
If they want to go the more old-fashioned route, an artist can burn their recorded tracks on compact discs and sell the CDs themselves at performances or on the band's own website. Or they can put it on an online retail site like CDBaby, which doesn't require musicians to have a record company to sell music.
If they sell the physical CD themselves for $9.99, they keep 100% of the profits, which is obviously the most profit-per-album a musician can hope for. But it's also not the best way to reach the widest audience. Selling that same full $9.99 album online through CDBaby means the website gets a cut to the tune of $2.49, while artists get to keep the other $7.50 for a cool 75% profit. Unfortunately for new musicians, expensive record labels are often the key to getting an artist's brand out.
The Record Label's Slice of the Pie
Record companies get a cut of absolutely everything a musician produces.
That's not too surprising, considering artists are a risky investment the record company is taking a chance on. They pay advances to the artists for recording costs and other expenses, but they expect a return on that investment.
So just how much of a cut does the artist get for an album sale under a record label?
Every contract is different, but the average high-end royalty deal with a record company will pay musicians $1 for every $10 retail album sale.
And it can be a lot worse than that; a low-end royalty deal only pays 30 cents per album sale -- amazingly small for a CD purchase, especially considering that bands may have to divide that among several members.
iTunes and Napster
In the popular digital realm, a $9.99 download on a program like iTunes nets artists a modest 94 cents -- less than a 10% cut. The record company takes $5.35 and Apple keeps the remaining $3.70.
Artists get nine cents for each individual song downloaded on Napster and iTunes. To put that into perspective, musicians need to sell 12,399 songs a month to earn a salary equal to a McDonald’s employee.
Perhaps that is why many popular artists have yet to cave to Apple and Napster, preferring to sell through other venues instead.
WHY BACKSTAGE VIBE... BACKSTAGE vibe will not receive cuts the same way as apple... Correct there profits will not be as high but then again that is not the goal here... Those many popular artist can sell there music without outrageous fees just a simple monthly fee... For artist who do all there own recording and upcoming artist who want to be heard its a great inexpensive option to be heard and sell music without loosing every penny...
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